Stifel Financial Acquires Miller Buckfire
Stifel Financial and Miller Buckfire announced an agreement whereby Stifel has acquired 100% of Miller Buckfire, effective immediately.
Stifel Financial and Miller Buckfire announced an agreement whereby Stifel has acquired 100% of Miller Buckfire, effective immediately.
Monroe Capital increased its loan commitments to $65 million. Its syndicated credit facility was led by ING Capital.
Gladstone Capital invested $14 million through a combination of debt and equity in Ag Trucking. It was sponsored by 3.5.7.11 Investments.
MicroFinancial’s subsidiary, TimePayment, increased its revolving line of credit from $100 million to $150 million with a bank syndicate led by Sovereign Bank.
According to a Bloomberg story, S&P and Moody’s are cutting corporate debt ratings at the fastest pace since 2009 as a global economic slowdown and record borrowing erode credit quality.
The U.S. Bankruptcy Court for the Southern District of New York approved the bid procedures, sale process and timeline for Journal Register Company’s auction.
Phillips Edison-ARC Shopping Center REIT entered into a revolving credit facility with KeyBank for up to $250 million of availability. It will be used to finance the acquisition of shopping centers throughout the U.S.
Blackstone/GSO Strategic Credit Fund announced the closing of its $425 million credit facility with the Bank of Nova Scotia
Armtec Infrastructure’s operating subsidiary, Armtec Holdings, has completed a refinancing of its senior secured loan facility. The new arrangement comprises a $60 million revolving asset-based loan with CIBC and a $110 million term loan with Brookfield Capital Partners Fund III.
Alvarez & Marsal has appointed Gabrielle Reijnen as a managing director within its corporate restructuring team for the Benelux in Amsterdam. Prior to joining A&M, Reijnen was head of Corporate Coverage and a member of the management team with RBS.